annual report 2005/2006 shire of boyup brook

Annual Report 2005/2006 Shire of Boyup Brook

Shire of Boyup Brook Annual Report 2005/2006

INDEX Page

1. SHIRE PRESIDENT’S MESSAGE 2

2. BOYUP BROOK AT A GLANCE 3

3. ELECTED MEMBERS 5 4. ACTING CHIEF EXECUTIVE OFFICER’S REPORT 7 5. SENIOR MANAGEMENT TEAM 8

6. ORGANISATIONAL CHART 9 7. LONG STANDING MEMBERS OF

STAFF 10

8. DEPARTMENT REPORTS 11 8.1 CORPORATE SERVICES 11 8.2 COMMUNITY SERVICES 15 8.3 DEVELOPMENT SERVICES 17 8.4 WORKS & SERVICES 18 9. COMPARISON OF STANDARD

INDICATORS BETWEEN ADJOINING SHIRES 21

10. CUSTOMER SERVICE PERFORMANCE INDICATORS 23 ANNUAL FINANCIAL STATEMENTS 26

1


1. Shire President’s Message

This will be my final Shire president's Message allied to the Annual Report as I have decided not to re-nominate when my current term expires in October 2007. I enjoy the role and could go on but I think it is time for a change. It has been a challenging 8 years and because I have been fortunate to have a group of Councillors and Council staff all working to a common goal of the best thing for the community that we all love it has not been a difficult time. We have achieved much and stayed independent in spite of rumblings of amalgamations at various times and we have been able to do so because we have been able to demonstrate our capacity to run our Shire in a well managed and independent manner. I take particular pride in our Medical services and the manner in which we have not only been able to retain our Hospital, Senior Citizen's Lodge and Medical services; but have also purchased the Medical Centre and employed a Doctor and support staff. This decision by Council has been recognised both at State and Federal level as a somewhat unique achievement and one that has been used as a benchmark by other Shires who wish to provide Medical Services to their Community. Our unique relationship with the Sandakan Municipal Council in Sabah, Malaysia is growing and Mr Yeo Boon Hai, Shire President, has advised me that the proposal that I put to him to develop a Sister City relationship between our Towns has been approved in principle by the Malaysian Government and that he will be visiting Boyup Brook for the Sandakan Memorial in September 2007 as our guest. The Country Music Festival for 2006 was very successful and now is a significant event for Boyup Brook and Western Australia. The club and the community are to be congratulated for achieving this recognition for the Shire. I thank my fellow Councillors for their support and tireless energy in representing the Community; our loyal and enthusiastic staff members; and our volunteers who make Boyup Brook what it is, a great place to work and live. Terry Ginnane JP SHIRE PRESIDENT

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2. Boyup Brook at a Glance President Terry Ginnane JP (re-elected May 2005) Deputy President Roger Downing (elected May 2005) Councillors Benjinup Ward M (Mario) Martin (term expires 2009) KJ (Kevin) Moir (term expires 2007) Boyup Brook Ward S (Shirley) Broadhurst (term expires 2009) R (Roger) Downing (term expires 2007) TJ (Terry) Ginnane (term expires 2009) Dinninup Ward TJ (Tom) Oversby (term expires 2007) A (Aaron) Piper (term expires 2009) Scotts Brook Ward J (Jan) Florey (term expires 2009) PE (Peter) Marshall (term expires 2007) LOCALITIES Boyup Brook; Dinninup; Kulikup; Mayanup; Tonebridge; Wilga SIGNIFICANT LOCAL EVENTS State Country Music Awards and Festival– Feb; Blackwood Marathon – Oct; Upper Blackwood Agricultural Show – Nov; Harvey Dickson’s Music Festivals – Sept; Harvey Dickson’s Rodeo – Oct; Mayanup Camp Draft – Feb; Power Dinghy Race – Sept; Boyup Brook Book Bonanza - May. FULL COUNCIL MEETING Meets on the third Thursday of each month. TOURIST ATTRACTIONS Gregory Tree; Blackwood River; Norlup House; Sandy Chambers – local artist; Harvey Dickson’s Country Music Centre; Perup Ecology Centre; Roo Gully Wildlife Sanctuary; Carnaby Beetles and Butterflies; town sculptures. LOCAL INDUSTRIES Woollen garments; vineyards; timber plantations; general farming; sheep, cattle, grain; trees; pigs; various cottage industries; olives. Distance to Perth 270 km Area 2,838 sq km Length of Sealed Roads 210 km Length of Unsealed Roads 788 km Population 1,620 Number of Electors 1,400 Number of Dwellings 805 Total Rates Levied $1,346,060 Total Revenue $4,189,670 Number of Employees 28

2006 Citizen of the Year Marjorie Shone with Shire President Terry Ginnane.

2006 Sportsperson of the Year Eric Biddle and Shire President Terry Ginnane.

Address: P O Box 2 Boyup Brook 6244 Phone: 97651200 Fax: 9765 1485 Email: [email protected]

Website: www.boyupbrook.wa.gov.au

3

mailto:[email protected]


The Shire of Boyup Brook is located on the raised inland Darling Plateau with the main population base and the administrative centre located in the Boyup Brook townsite (which has a population of approximately 600). It is situated on the upper reaches of the Blackwood River approximately 270 kilometres (by road) south/south-east of Perth. The Shire is predominantly rural in nature and consists of a transition area ranging from smaller holdings near the western boundary to large broad acre farms to the east. However, there is a current trend toward more intensive agricultural pursuits including viticulture, aquaculture, vegetable production, olive production and tree farming. The Shire of Boyup Brook occupies an area of 283,800 hectares and has within its boundaries several smaller localities including Wilga, Mayanup, Dinninup, Chowerup, Tonebridge, McAlinden and Kulikup. During the late 1980’s through to today, there have been an increasing number of more intensive agricultural pursuits becoming established in the shire. Vineyards at Kulikup were introduced in the 1970’s and in Dinninup and Mayanup in the late 1980’s as well as substantial deer and goat farms. There have been significant plantings of wine and table grape vines between 1994 and 1997. During the period 1997 to 2003 with returns from wool and cattle diminishing, a significant proportion of the shire’s arable land was planted to eucalyptus globulus (Tasmanian blue gums).

Colin Rohrlach the 1996 Citizen of the Year celebrates his birthday on Australia Day.

Street banners done by school children

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3. Elected Members Cr K Moir SCOTTS BROOK WARD DINNINUP WARD

Cr Moir

Cr Martin

BENJINUP WARD

BOYUP BROOK WARD

Cr Ginnane Cr Broadhurst Cr Downing

5


3. Elected Members … continued

SCOTTS BROOK WARD

D

Cr Marshall

Cr Florey

Cr Oversby

DINNINUP WAR

Cr Piper

6


4. Acting Chief Executive Officer’s Report

As the report relates to the year 2005/06, it has been prepared recognising that I have been Acting Chief Executive Officer since the 20th November 2006, following the resignation of the past CEO, Mr Will Pearce on 17th November 2006. In preparing this report reference to the major projects and programmes completed/undertaken by the Shire during the year are outlined in Department Reports under Section (8) of the Annual Report. Again there have been changes within the Administration Staff with the appointment of Heather Lloyd, Customer Service Officer, Vanessa Ward, Relief CEO’s Secretary/Rates Officer and Wayne Jolley, part time Environmental Health/Building Officer. The Auditor’s report has highlighted a number of deficiencies in relation to compliance and those matters will be attended to ensuring the requirements of Legislation are complied with. I am concerned about the delay in the completion of the audit and the consequential date for the Annual Electors Meeting being nine months after the end of the financial year. Again the matters relating to this will be addressed to make sure the Annual Meeting is held as soon as possible after the end of the financial year. I would like to thank all the staff for their contribution and work during the year under review. The Shire is fortunate to have staff that are committed to providing the Community with a high level of service. In closing I wish to thank the Shire President and Councillors for the support they have provided and their contribution to the development of the Shire. Tony Doust ACTING CHIEF EXECUTIVE OFFICER

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5. Senior Management Team

Tony Doust – Acting Chief Executive Officer

Keith Jones – Manager Finance & Administration

John Eddy – Manager Works & Services

8


9

6. SHIRE OF BOYUP BROOK - O

Manager of Finance & Administration

Finance Officer – Payroll & Creditors (P/T) Finance Officer – Rates & Debtors (P/T) Swimming Pool Manager 2 Customer Service Officers 0.6FTE Youth Officer 0.2FTE Transfer Station Operator 0.5FTE Ranger 0.2FTE

k k

Other Operational Services

Secretary (P/T) Health/Build Officer 0.2FTE Community & Economic

Development Officer GP GP Receptionist 0.7 FTE GP Receptionist 0.6 FTE

Committees

Manager of Works and Services

Works Supervisor Leading Hand Construction Truck Drivers x 3 General Hand x 2 Casuals Leading Hand Grading Grader Driver Roller Driver (GH) Swamper (GH) Mechanic Senior Leading Hand – Parks/Gardens/

Buildings Gardener

RGANISATIONAL STRUCTURE

COUNCIL 9 Councillors

Council Meeting 3rd Thursday of each month

Chief Executive Officer


7. Long Standing Members of Staff Council wishes to recognize the valuable contribution of the following long serving members of staff.

Over 30Years

Mr David Millington

Banners in street created by schoolchildren

Over 20 Years Mr Tony Bogar Mr Joe Fenwick

Over 10 Years

Mr Calvin Brown Mr John Shepherdson

Mr Justin Fallon

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8. Department Reports 8.1 CORPORATE SERVICES

Town walk trail

Councillors There were 11 ordinary meetings and 5 special meetings of the Council held during the year. Standing and advisory committees comprising of Councillors and community representatives met during the year. Many more meetings took place for single purpose issues. The Council hosts and contributes towards a number of civic ceremonies and functions annually including the Sandakan Memorial, ANZAC Day, Remembrance Day, Christmas Carols in the Park, Christmas function, Citizenships, Australia Day, Boyup Brook Book Bonanza, Agricultural Show and Country Music Festival. Human Resources The Enterprise Bargaining Agreement (EBA) for the outside workforce continues to provide incentives to improve performance. The Occupational Health and Safety Committee continued to address issues of concern either immediately or, if not urgent in nature, referred matters through management to address as budget issues. Safety training and education in relation to manual handling, duty of care, hazard identification and legislative requirements was provided for staff. The regional Occupational Health, Safety and Risk Co-ordinator provides management with specialised support in this most important of areas. Councillors and employees attended relevant conferences and forums to keep up to date with current issues. Forums attended included Local Government Week, Local Government Manager’s, Road forums, Records Management forums and Economic Development conferences. Finance Total Operating Revenue $4,189,670 Operating Expenditure $3,538,443 Net Assets $53,970,862 Total Rates Levied $1,346,060 Rateable Properties 1,113 Loans $639,328 Borrowing Cost Expense $32,216

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This year saw a rate rise of 2.45% a considerable reduction on the previous year’s 6.12%, which was largely due to acquiring the services of a doctor and providing him with a house and surgery.

Country Music weekend Feb 2006

12


Cyclone Jason and the Hurricanes at the Country Music Weekend Feb 06

During the year: - Successful grant applications were submitted for youth, fire prevention, industrial land development, townscape infrastructure items, recreation equipment and medical building upgrade. Reserve funds totaled $861,509 as at 30 June 2006. Council provided donations or sponsorships with a value (including in kind) in excess of $61,720, a slight increase on the previous year. Council continued to manage the Boyup Brook Flax Mill Caravan Park. Blackwood Landcare Zone environmental initiatives $7,000.

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Extensive refurbishment commenced at the Medical Centre resulting in the Physiotherapist relocating to a larger area and a further two consulting rooms being created. The pool was in need of attention and an upgrade of the pool bowl and surrounds was undertaken at a cost of $210,000. A special loan was obtained from WA Treasury for this purpose. Council purchased a new residence in Rogers Avenue for CEO accommodation but it will not be available for Shire use until 2008 as the Government Employees Housing Association is leasing it for this period. National Competition Policy The Council has reviewed all areas of operation to determine the existence or otherwise of significant business activities. A significant business activity is defined as an activity with an income in excess of $200,000 pa, which is not a regulatory service (community service obligation) and is not already contracted out. Accordingly, it has been determined that Council has no significant business activity for the purposes of competitive neutrality as it relates to the National Competition Policy Clause 7 statement.

Records Management

Compliance The shire is committed to good record keeping practices and complies with relevant legislation including the State Records Act 2000. Under this Act, a Records Keeping Plan was submitted and approved by the State Records Commission for a period of five years from March 2005. Record keeping issues are discussed at the monthly staff meetings.

Record Keeping Plan Review A review of the effectiveness and efficiency of the Record Keeping Plan will be done as required by 2010.

Improvements and Developments Record keeping practices within the shire are continually evolving and improving. We saw the completion of the retention and disposal process of old files. The retention and disposal will continue on a yearly basis with the recently closed files.

Recoating the pool prior to painting

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In the year ahead, vital maps, plans and corporate library will be registered on the electronic system. The Cemetery still has to be surveyed and plots will be numbered and cross referenced with the cemetery database. Cemetery procedures will be put in place. 8.2 COMMUNITY SERVICES Waste Management Domestic waste continued to be collected with Boyup Brook being serviced by Warren Blackwood Waste Disposal and Wilga, Dinninup and Kulikup being serviced by shire staff. Recycling continued to be managed jointly by the shire and the Lions Club enabling funds raised from selling the materials to recycling companies to be circulated back into the community.

Boyup Brook Recycling and Transfer Station

Animal Control Our contract ranger is continuing to do periodic surveillance around the town and impounds dogs that are roaming free. Due to budgetary restrictions this is only a part-time position and it is not always possible to access his services. Bushfire Control The Chief Bushfire Control Officer, Mr Michael Giles resigned in May 2006 and Mr Kevin Henderson has taken on the role. The CBFCO continues to be ably assisted in the administration role by a part-time Fire Administration Assistant. We are very fortunate that most fire incidents are controlled promptly by the brigades. The shire commends and values the many hours that volunteer brigade members invest in ensuring that our lives are safe from the menace of bushfires.

Shire Library

Library Services Council continues to provide a computer to access the Worldwide Web for the purpose of obtaining additional library resources. Our access to any book available in Western Australia is of enormous benefit to local residents.

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Membership continues to increase and our book exchange

A fully reconditioned swimming pool

program ensures that there is always something different on the shelf. Recreation and Leisure The walk trail on the outskirts of town continues to be an asset to health conscious community members. This has been augmented with the introduction of a pony/walk bridle trail from town to Skeleton Bridge. The main ovals continue to be renovated to maintain the cohesiveness of the surface. The swimming pool had a major upgrade to the pool bowl and surrounding paving. Underground piping was replaced, cracks were repaired and a special coating was applied to ensure that no further leaks occurred. This work has a guarantee of 15years but it is not likely to need such major attention for at least 20 or more years.

Skatepark and YAC Shack

Youth Activities The Youth Advisory Committee (YAC) has once again participated in some very worthwhile activities this year. These activities include, tree planting, workshops, youth trips, volunteer programs and music education. YAC is about providing skills that will help them after leaving school, the committee members chair and manage their own regular meetings. Web Site The shire has its own website for the purpose of promoting the area and providing relevant information to visitors, residents and potential residents.

Bookbinding workshop at the Boyup Brook Book Bonanza

Further work continues to ensure that the service is as functional and effective as possible. Community Groups and Events The Council continued to provide cash and in-kind support for selected events and activities including – • State Country Music Awards and Festival • Upper Blackwood Agricultural Show • Blackwood Marathon • Boyup Brook Book Bonanza • Harvey Dickson’s Rodeo • Mayanup Campdraft.

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Disability Services Plan The Disability Service Plan was reviewed. 8.3 DEVELOPMENT SERVICES Development applications were up with 23 being processed. There were 6 subdivision /amalgamation applications. There were 58 building licenses issued with the total value of construction being $2,211,023. Five demolition licenses were issued. The following chart provides comparisons with previous years.

APPLICATIONS 97/98

98/99

99/2000 00/01 01/02 02/03 03/04 04/05 05/06

Planning (inc. plantations) 16 17 43 29 25 15 10 18 23

Plantations N/A 11 34 15 4 1 1 3 13

Subdivision 13 11 13 13 4 1 4 2 6

Building (inc. dwellings) 45 43 48 45 58 68 53 70 58

New Dwellings 13 13 20 10 14 12 10 6 11

Building – Value $1,002, 446 $949, 356 $2,159, 981 $899, 922 $2,613,121 $1,926,874 $1,730,149 $1,905,327 $2,211,023

Demolitions N/A 1 4 5 2 2 4 3 5

Septic Tanks 14 14 20 11 23 17 12 12 12

Environmental health, building and planning inspections were carried out on buildings, newly constructed buildings, proposed development and subdivision sites and dilapidated buildings as well as investigating public health and noise complaints. Twelve septic tank licenses were issued. Water sampling and analysis of the Boyup Brook Swimming Pool was carried out monthly during the November to March period. The shire’s Local Rural Strategy is still awaiting approval from the WA Planning Commission. The commission requires the shire to incorporate rural subdivision criteria that the shire objects to before being approved. The Council is pursuing the matter with the Minister for Planning and Infrastructure to resolve the impasse.

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The Economic Development Committee continues to meet with members coming from local industries/business and peak community groups.

Komatsu Loader in operation

The Economic Development Committee promotes sustainable economic, environmental and social development strategies that enhance the quality of life for all Boyup Brook residents and reverse the shire’s population decline. The Committee is appointed by the Council to advocate for the implementation of the Shire’s Strategic Plan. It also serves as a sounding board for various business and community interests and as the "eyes and ears" for the Council in the business community. 8.4 Works and Services The 2005/2006 works program was based on maintaining and improving Shire infrastructure including roads, bridges, drainage, town gardens, recreation areas and footpaths. Once again the Shire of Boyup Brook was successful in obtaining Timber Industry Road Evaluation Study (T.I.R.E.S.) funding to help maintain and improve local roads affected by the harvesting of plantation timber.

Area Road – widened to 6.0m

The Federal Government funded Roads to Recovery (R.T.R.) program was extended for another four year period commencing in July 2005 and finishing in June 2009. Major road and bridge construction projects are undertaken with R.T.R. funding. Major Federal and State Government funded projects completed in the 2005/2006 financial year included:- ROADS TO RECOVERY (Federal Government) • Area Road - widen and seal to 6.0m wide. • New culvert crossing – Condinup Crossing Road REGIONAL ROAD GROUP (State Government) • Boyup Brook/Arthur River Road – widen and seal to 7.0m wide

New culvert crossing – Condinup Crossing Road

T.I.R.E.S. FUNDING (State Government) • McAlinden Road – re-sheeting works • Camballan Road – re-sheeting works • Asplins Road – re-sheeting works • Condinup Road – re-sheeting works • Corbalup Road – re-sheeting works • Jayes Road – re-sheeting works • Scotts Brook Road – pavement repairs and stabilisation • Mayanup/Tonebridge Road – pavement repairs and stabilisation BLACK SPOT FUNDING (State Government) • Dinninup East Road – re-sheeting works and signage

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Boyup Brook-Arthur River Road, widened to 7.0m

Bridge Works Bridge preservation and improvement works were completed on – • Bridge No 0270 – Mayanup-Tonebridge Road – emergency

repairs • Bridge No 0268A – Mayanup-Tonebridge Road – structural

repairs • Bridge No 3311A- Dwalganup Road – structural repairs Capital Works Rural Road Construction Re-sheeting and remedial works were completed on – • Westbourne Road – re-sheeting works • Knudson Road – re-sheeting works • Reservoir Road – prune and re-sheet • Condinup Crossing Road – re-sheeting works • Lee Steere Road – form and construct • Corker Road – form and construct

Footpath – Abel Street

Capital Works – Town and Townscape Projects Town streets, recreation area upgrades and townscape projects completed included – • Footpath Abel St - bank lane to Inglis St • Recreation Ground – internal drainage works • Bridge St – median strip landscaping Rural Road and Town Maintenance Major areas of maintenance expenditure were:- • Grading of unsealed roads • Drains and culverts • Repairs and maintenance of road infrastructure • Verge spraying and pruning • Town gardens • Rubbish removal • Maintenance of recreation grounds and town reserves • Replacement and maintenance of traffic and information signs • Emergency works

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Plant Replacement The plant replacement program was funded with the following being purchased-

New Isuzu 14 tonne truck with water tank installed

• 1 x new Isuzu 14 tonne truck • 1 x new Isuzu 4 tonne truck • 1 x new Holden Adventura station wagon • 1 x new traffic sign trailer • 1 x second hand – Holden Rodeo utility General The 2005/2006 financial year was once again a very productive year for the Works and Services division of the Boyup Brook Shire. The Federal Government committed Roads to Recovery funding for another program, providing 1.2 million dollars over a four year period to the Shire. T.I.R.E.S. funding of $205,000 was provided by the State Government for the maintenance and preservation of local roads affected by the harvesting of plantation timber. ‘Black Spot’ funding of $36,000 was also provided by the State Government for remedial works and signage to the Dinninup East Road. Further to infrastructure damage caused by severe storms and local flooding in May and June 2005, the Shire was successful in claiming $40,000 special funding assistance from the State Government. Once again the Shire would like to thank all farmers involved in clearing trees and storm debris from roadways to assist Works and Services staff in keeping roads open to traffic.

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9. COMPARISON OF STANDARD INDICATORS BETWEEN ADJOINING SHIRES

population, electors, dwellings

1620

4152

9056

1170

4800

2145

1003

0

91414

00

3012

5900

791

3258

1604

6739

681

810

1887

3550

530

1960

805

4582

489

0

2000

4000

6000

8000

10000

12000

Boyup Bridgetown Collie Cranbrook Donnybrook Kojonup Manjimup West Arthur

population no of electors no of dwellings rates & revenue

1.307

2.1712.83

1.09

1.9792.273

3.989

0.977

4.245

5.998

7.666

3.661

6.932

5.285

12.2

3.17

0

2

4

6

8

10

12

14


Mill

ions

total rates levied total revenue

21


no of employees

30

38

72

28

51 52

94

21

0

10

20

30

40

50

60

70

80

90

100


sealed & unsealed roads

210 215259

331

263

344

506

190

788

569

206

776

465

905952

664

0

100

200

300

400

500

600

700

800

900

1000


sealed roads unsealead roads

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10. CUSTOMER SERVICE PERFORMANCE INDICATORS The Annual Report contains performance indicators, particularly as they relate to financial ratios, required by legislation. In addition, the Council has identified results from an annual survey of residents as a key component to measure the organisation’s performance. Please note that the Council will carry out Bi-annual surveys from 2006 the next one being in 2008. An inaugural survey was undertaken in 1999. This year brought about the seventh survey which was undertaken in April 2006. The services and facilities measured have been selected due to their representing substantial expenditure of the shire’s total budget. The 2006 survey and comparisons to the previous years’ results are intended to determine: - • how satisfied residents are with services relating to key

program areas such as roads • how satisfied residents are with the quality of customer service

provided by Councillors and employees • satisfaction with Council efforts to communicate to and receive

feedback from residents • changes in averaged satisfaction levels, thereby providing an

indicator to the Council as to whether its direction and utilisation of resources is appropriate.

The survey graphs are a summary of the performance improvements measured from changes to the mean scores recorded over the past seven survey years.

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Averaged satisfaction with facilities and services

provided

Current Service Provision

0%

20%

40%

60%

80%

100%

Ave

rage

%

1999 48% 66% 63% 58% 54%

2000 51% 78% 74% 67% 58%

2001 48% 77% 79% 70% 60%

2002 51% 74% 72% 71% 60%

2003 59% 78% 76% 69% 65%

2004 52% 75% 73% 66% 58%

2006 54% 74% 79% 69% 63%

Rural roads Town roads Gardens Footpaths Drainage

0%

20%

40%60%

80%

100%

1999 81% 62% 50% 62% 72% 55% 57% 60%2000 93% 81% 76% 77% 79% 72% 69% 74%2001 92% 72% 84% 74% 79% 67% 66% 70%2002 91% 72% 86% 68% 79% 66% 66% 71%2003 87% 77% 84% 73% 79% 66% 68% 78%2004 75% 69% 78% 77% 78% 63% 64% 69%2006 87% 74% 80% 74% 74% 64% 65% 69%

Pool Rec Grounds

Transfer Station Library Aged Youth Child Services

Overall

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Averaged satisfaction with communication

effort

0%

50%

100%

1999 66% 48% 0% 48% 0% 58% 55% 53% 52% 69%

2000 81% 71% 72% 67% 76% 80% 77% 75% 62% 83%

2001 78% 66% 65% 70% 84% 81% 76% 73% 74% 86%

2002 81% 65% 63% 68% 77% 76% 74% 67% 62% 83%

2003 80% 63% 57% 68% 78% 83% 83% 82% 78% 88%

2004 79% 70% 62% 68% 83% 83% 80% 80% 82% 91%

2006 67% 60% 60% 62% 65% 81% 75% 73% 76% 85%

Access Crs

Address Issues

Crs

Advise Outcom

e Crs

Overall Crs

Crs Names

Accuracy Staff

Timeliness Staff

Dealing with

Complai

Access Senior

Courtesy Staff

Averaged satisfaction with

contact with Councillors and

Staff

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

1999 54% 52%2000 71% 68%2001 75% 74%2002 67% 66%2003 78% 74%2004 75% 72%2006 73% 73%

Keep informed Consultation

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SHIRE OF BOYUP BROOK

FINANCIAL REPORT

FOR THE YEAR ENDED 30TH JUNE 2006

TABLE OF CONTENTS

Statement by Chief Executive Officer 2

Income Statement by Nature or Type 3

Income Statement by Program 4

Balance Sheet 5

Statement of Changes in Equity 6

Cash Flow Statement 7

Rate Setting Statement 8

Notes to and Forming Part of the Financial Report 9 to 37

Independent Audit Report 38 & 40


FINANCIAL REPORT


LOCAL GOVERNMENT ACT 1995LOCAL GOVERNMENT (FINANCIAL MANAGEMENT) REGULATIONS 1996

STATEMENT BY CHIEF EXECUTIVE OFFICER

The attached financial report of the Shire of Boyup Brook being the annual financial report andother information for the financial year ended 30th June 2006 are in my opinion properly drawnup to present fairly the financial position of the Shire of Boyup Brook at 30th June 2006 and theresults of the operations for the financial year then ended in accordance with the AustralianAccounting Standards and comply with the provisions of the Local Government Act 1995 andregulations under that Act.

Signed on the day of 2007.

__________________________Tony DoustActing Chief Executive Officer


INCOME STATEMENT

BY NATURE OR TYPE


NOTE 2006 2006 2005$ Budget $

$REVENUES FROM ORDINARY ACTIVITIESRates 22 1,346,060 1,340,016 1,307,580Grants and Subsidies 28 1,409,801 812,819 1,238,709Contributions Reimbursements and Donations 28,801 23,300 0Fees and Charges 27 510,075 500,678 475,996Interest Earnings 2(a) 56,729 52,975 85,229Other Revenue 286,234 76,460 180,976

3,637,700 2,806,248 3,288,490

EXPENSES FROM ORDINARY ACTIVITIESEmployee Costs (1,384,234) (1,545,624) (1,149,925)Materials and Contracts (562,706) (419,839) (887,549)Utilities (98,087) (60,612) (119,433)Depreciation 2(a) (1,206,144) (885,967) (1,181,235)Interest Expenses 2(a) (32,216) (40,096) (29,146)Insurance (99,016) (119,951) (125,476)Other Expenditure (154,880) (9,565)

(3,537,283) (3,081,654) (3,492,764)100,417 (275,406) (204,274)

Grants and Subsidies - non-operating 28 534,374 740,094 890,077Profit on Asset Disposals 20 17,596 0 67,081Loss on Asset Disposals 20 (4,160) 0 0

NET RESULT 648,227 464,688 752,884

This statement is to be read in conjunction with the accompanying notes.

Page 3


INCOME STATEMENT

BY PROGRAM


NOTE 2006 2006 2005$ Budget $

$REVENUES FROM ORDINARY ACTIVITIESGovernance 36,865 29,000 34,383General Purpose Funding 2,239,277 2,225,310 2,291,025Law, Order, Public Safety 48,944 44,271 41,982Health 509,027 405,950 337,893Education and Welfare 5,310 6,000 19,742Housing 27,786 25,960 20,750Community Amenities 82,375 88,763 85,773Recreation and Culture 37,672 32,665 138,622Transport 1,043,841 622,023 1,173,529Economic Services 71,991 51,900 68,256Other Property and Services 86,583 14,500 33,693

2 4,189,670 3,546,342 4,245,648

EXPENSES FROM ORDINARY ACTIVITIESEXCLUDING BORROWING COSTS EXPENSEGovernance (285,229) (310,188) (331,593)General Purpose Funding (102,325) (76,599) (48,898)Law, Order, Public Safety (68,239) (79,678) (92,682)Health (387,189) (367,395) (292,895)Education and Welfare (43,305) (100,862) (64,093)Housing (49,962) (56,755) (53,971)Community Amenities (184,216) (177,501) (176,872)Recreation & Culture (359,025) (339,884) (347,194)Transport (1,796,440) (1,301,610) (1,644,599)Economic Services (213,381) (224,986) (202,177)Other Property and Services (19,916) (6,099) (208,644)

2 (3,509,227) (3,041,557) (3,463,618)

BORROWING COSTS EXPENSEGovernance (2,175) (2,192) (2,255)Health (6,077) (6,278) (6,273)Housing (8,255) (11,990) (6,300)Community Amenities (2,338) (2,354) (2,441)Recreation & Culture (6,001) (9,619) (4,024)Transport (944) (1,139) (1,443)Economic Services (6,426) (6,525) (6,410)

2(a) (32,216) (40,097) (29,146)

NET RESULT 648,227 464,688 752,884


Page 4


BALANCE SHEET

AS AT 30TH JUNE 2006

NOTE 2006 2005$ $

CURRENT ASSETSCash and Cash Equivalents 3 1,037,647 911,490Trade and Other Receivables 4 316,665 240,455Inventories 5 20,796 29,018TOTAL CURRENT ASSETS 1,375,108 1,180,963

NON-CURRENT ASSETSOther Receivables 4 0 3,385Property, Plant and Equipment 6 5,776,614 5,387,299Infrastructure 7 48,026,149 47,614,437TOTAL NON-CURRENT ASSETS 53,802,763 53,005,121

TOTAL ASSETS 55,177,871 54,186,084

CURRENT LIABILITIESTrade and Other Payables 8 312,690 241,932Long Term Borrowings 9 38,334 63,152Provisions 10 124,626 129,362TOTAL CURRENT LIABILITIES 475,650 434,446

NON-CURRENT LIABILITIESLong Term Borrowings 9 600,994 322,264Provisions 10 130,365 106,739TOTAL NON-CURRENT LIABILITIES 731,359 429,003

TOTAL LIABILITIES 1,207,009 863,449

NET ASSETS 53,970,862 53,322,635

EQUITYRetained Surplus 51,518,972 50,944,453Reserves - Cash Backed 11 861,509 787,801Reserves - Asset Revaluation 12 1,590,381 1,590,381TOTAL EQUITY 53,970,862 53,322,635


Page 5


STATEMENT OF CHANGES IN EQUITY


NOTE 2006 2005$ $

RETAINED SURPLUS

Balance as at 1 July 2005 50,944,453 50,235,136

Net Result 648,227 752,884

Transfer from/(to) Reserves (73,708) (43,567)Balance as at 30 June 2006 51,518,972 50,944,453

RESERVES - CASH BACKED

Balance as at 1 July 2005 787,801 744,234

Amount Transferred (to)/fromRetained Surplus 73,708 43,567Balance as at 30 June 2006 11 861,509 787,801

RESERVES - ASSET REVALUATION

Balance as at 1 July 2005 1,590,381 1,590,381

Revaluation Increment 0 0

Revaluation Decrement 0 0Balance as at 30 June 2006 12 1,590,381 1,590,381

TOTAL EQUITY 53,970,862 53,322,635


Page 6

SHIRE OF BOYUP BROOKCASH FLOW STATEMENT


NOTE 2006 2006 2005$ Budget $

Cash Flows From Operating Activities $ReceiptsRates 1,266,395 1,329,677 1,315,555Grants and Subsidies - operating 1,409,801 816,094 1,238,709Contributions, Reimbursements & Donations 28,801 23,300 0Fees and Charges 510,075 493,678 485,972Interest Earnings 56,729 52,975 85,229Goods and Services Tax 6,840 29,420 36,578Other 341,325 76,460 185,976

3,619,966 2,821,604 3,348,019PaymentsEmployee Costs (1,365,344) (1,529,604) (1,108,985)Materials and Contracts (483,722) (474,751) (799,618)Utilities (gas, electricity, water, etc) (98,087) (60,612) (119,434)Insurance (99,016) (119,951) (125,477)Interest (32,216) (40,097) (29,146)Goods and Services Tax 0 0 0Other (149,852) (4,175) 0

(2,228,237) (2,229,190) (2,182,660)Net Cash Provided By (Used In)Operating Activities 13(b) 1,391,729 592,414 1,165,359

1,391,729 592,414 1,165,359Cash Flows from Investing ActivitiesPayments for Development of Land Held for ResalePayments for Purchase of Property, Plant & Equipment (813,902) (927,812) (716,655)Payments for Construction of Infrastructure (1,298,978) (1,210,568) (1,389,523)Advances to Community GroupsGrants/Contributions for the Development of Assets 534,374 736,819 890,077Proceeds from Sale of Plant & Equipment 59,027 163,700 207,336Proceeds from AdvancesNet Cash Provided By (Used In)Investing Activities (1,519,479) (1,237,861) (1,008,765)

Cash Flows from Financing ActivitiesRepayment of Debentures (56,088) (63,153) (57,325)Repayment of Finance Leases 0 0Proceeds from Self Supporting Loans 0 0Proceeds from New Debentures 310,000 350,000 0Net Cash Provided By (Used In)Financing Activities 253,912 286,847 (57,325)

Net Increase (Decrease) in Cash Held 126,162 (358,600) 99,269Cash at Beginning of Year 911,485 876,017 812,221Cash at End of Year 13(a) 1,037,647 517,417 911,490


Page 7


RATE SETTING STATEMENT

FOR THE YEAR ENDED 30TH JUNE 20062006 2006

NOTE $ Budget$

REVENUESGovernance 36,865 29,000General Purpose Funding 893,217 885,294Law, Order, Public Safety 48,944 44,271Health 509,027 405,950Education and Welfare 5,310 6,000Housing 27,786 25,960Community Amenities 82,375 88,763Recreation and Culture 37,672 32,665Transport 1,043,841 622,023Economic Services 71,991 51,900Other Property and Services 86,583 14,500

2,843,610 2,206,326EXPENSESGovernance (287,404) (314,380)General Purpose Funding (102,325) (76,600)Law, Order, Public Safety (68,239) (79,678)Health (393,266) (373,673)Education and Welfare (43,305) (100,862)Housing (58,217) (68,745)Community Amenities (186,554) (179,855)Recreation & Culture (365,026) (347,503)Transport (1,797,384) (1,302,749)Economic Services (219,807) (231,511)Other Property and Services (19,916) (6,099)

(3,541,443) (3,081,655)Adjustments for Cash Budget Requirements:Non-Cash Expenditure and Revenue(Profit)/Loss on Asset Disposals (13,436) 0Movement in Non-Current Receivables 3,385 0Movement in Non-Current Employee Provisions 23,623 0Depreciation on Assets 1,206,144 885,967Capital Expenditure and RevenuePurchase Land Held for ResalePurchase Land and Buildings (497,684) (482,000)Purchase Infrastructure Assets - Roads (1,298,979) (1,210,568)Purchase Plant and Equipment (258,792) (405,850)Purchase Furniture and Equipment (57,426) (39,962)Proceeds from Disposal of Assets 119,146 163,700Repayment of Debentures (56,088) (63,153)Proceeds from New Debentures 310,000 350,000Self-Supporting Loan Principal Income 0 0Transfers to Reserves (Restricted Assets) (670,538) (217,199)Transfers from Reserves (Restricted Assets) 596,829 567,130

ADD Estimated Surplus/(Deficit) July 1 B/Fwd 21,868 (12,752)LESS Estimated Surplus/(Deficit) June 30 C/Fwd 76,279 0

Amount Req'd to be Raised from Rates 22 (1,346,060) (1,340,016)


Page 8


NOTES TO AND FORMING PART OF THE FINANCIAL REPORT


1. SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies which have been adopted in the preparation of this financialreport are:

(a) Basis of PreparationThe financial report is a general purpose financial report which has been prepared in accordancewith applicable Australian Accounting Standards, the Local Government Act 1995 (as amendedand accompanying regulations (as amended). The report has also been prepared on the accrualbasis under the convention of historical cost accounting.

First AIFRSs Financial Report

Compliance with IFRSs

This is the Shire's first Australian equivalents to International Financial Reporting Standards ("AIFRSs") annual financial report covered by AIFRSs and AASB1 "First Time Adoption of Australian equivalents to International Financial Reporting Standards".

The preparation of the annual financial report in accordance with AIFRSs resulted in changes to the accounting policies as compared with the most recent annual financial statements prepared under previous Generally Accepted Accounting Principles ("previous GAAP").

The accounting policies set out below have been consistently applied to all periods presented in this financial report. They have also been applied in preparing an opening AIFRSs balance sheet as at 1 July 2004 for the purposes of the transition to Australian Accounting Standards - AIFRSs as required by AASB 1. The impact of the transition from previous GAAP to AIFRSs is explained in Note 35.

International Financial Reporting Standards ("IFRSs") form the basis of Australian Accounting Standards adopted by the AASB, being AIFRSs. The financial report of the Shire complies with IFRSs and interpretations adopted by the International Accounting Standards Board except as follows:

- AIFRSs include specific provisions relating to not-for-profit entities. These are not included in IFRSs.

- Australian Accounting Standard AAS27 "Financial Reporting by Local Governments" also applies and there is no equivalent standard in IFRSs.

The principal areas of non-compliance with IFRSs include:

- the recognition of non-reciprocal revenue; - the definition of value in use for the purposes of estimating the recoverable amount of impaired assets; and - the offsetting of asset revaluation increments and decrements on a class of asset basis rather than individual asset basis.

Page 9




1. SIGNIFICANT ACCOUNTING POLICIES (Continued)

(a) Basis of Preparation (Continued)

Critical Accounting Estimates

(b) The Local Government Reporting EntityAll Funds through which the Council controls resources to carry on its functions have beenincluded in the financial statements forming part of this financial report.

In the process of reporting on the local government as a single unit, all transactions and balancesbetween those funds (for example, loans and transfers between Funds) have been eliminated.

All monies held in the Trust Fund are excluded from the financial statements, but a separatestatement of those monies appears at Note 19 to this financial report.

(c) Goods and Services TaxIn accordance with recommended practice, revenues, expenses and assets capitalised are stated netof any GST recoverable. Receivables and payables in the Balance Sheet are stated inclusive ofapplicable GST.

(d) Fixed AssetsProperty, plant and equipment and infrastructure assets are brought to account at cost orindependent or management valuation less, where applicable, any accumulated depreciation,amortisation or impairment losses.

The value of all infrastructure assets (other than land under roads) has been recorded in theBalance Sheet. Land under roads are excluded from infrastructure in accordance withlegislative requirements.

The preparation of a financial report in conformity with Australian Accounting Standards requires management to make judgements, estimates and assumptions that effect the application of policies and reported amounts of assets and liabilities, income and expenses.

The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances. The results of this experience and other factors combine to form the basis of making judgements about carrying values of assets and liabilities not readily apparent from other sources. Actual results may differ from these estimates.

Page 10





(e) InventoriesGeneralInventories are valued at the lower of cost and net realisable value.

Land Held for ResaleLand purchased for development and/or resale is valued at the lower of cost and net realisablevalue. Cost includes the cost of acquisition, development and interest incurred on the financingof that land during its development. Interest and holding charges incurred after development iscomplete are recognised as expenses.

Revenue arising from the sale of property is recognised in the Income Statement as at the timeof signing a binding contract of sale.

(f) Depreciation of Non-Current AssetsAll non-current assets having a limited useful life are separately and systematically depreciatedover their useful lives in a manner which reflects the consumption of the future economic benefitsembodied in those assets.

Depreciation is recognised on a straight-line basis, using rates which are reviewed each reportingperiod. Major depreciation periods are:

Buildings 50 to 100 yearsFurniture and Equipment 5 to 10 yearsPlant and Equipment 5 to 10 yearsSealed roads and streets clearing and earthworks not depreciated construction/road base 40 years original surfacing and major re-surfacing - bituminous seals 15 years - asphalt surfaces 20 yearsGravel roads clearing and earthworks not depreciated construction/road base 15 years gravel sheet 10 yearsFormed roads (unsealed) clearing and earthworks not depreciated construction/road base 10 yearsFootpaths - slab 20 yearsSewerage piping 75 yearsWater supply piping & drainage systems 75 years

(g) LeasesLeases of fixed assets, where substantially all the risks and benefits incidental to the ownershipof the asset, but not legal ownership, are transferred to the company, are classified as financeleases. Finance leases are capitalised recording an asset and a liability equal to the presentvalue of the minimum lease payments, including any guaranteed residual value. Leased assetsare amortised over their estimated useful lives. Lease payments are allocated between thereduction of the lease liability and the lease interest expense for the period.

Lease payments under operating leases, where substantially all the risks and benefits remainwith the lessor, are charged as expenses in the periods in which they are incurred.

Page 11





(h) InvestmentsAll investments are valued at cost and interest on those investments is recognised when accrued.

(i) ImpairmentIn accordance with Australian Accounting Standards the Shire's assets, other than inventories,are assessed at each reporting date to determine whether there is any indication they may beimpaired.

Where such an indication exists, an estimate of the recoverable amount of the asset is madein accordance with AASB 136 "Impairment of Assets" and appropriate adjustments made.

An impairment loss is recognised whenever the carrying amount of an asset or its cash-generatingunit exceeds its recoverable amount. Impairment losses are recognised in the Income Statement.

(j) Joint VentureThe municipality’s interest in a joint venture has been recognised in the financial statements byincluding its share of any assets, liabilities, revenues and expenses of the joint venture withinthe relevant items reported in the Balance Sheet and Income Statement. Information about thejoint venture is set out in Note 16.

(k) Employee BenefitsThe provisions for employee benefits relates to amounts expected to be paid for long serviceleave, annual leave, wages and salaries and are calculated as follows:

(i) Wages, Salaries, Annual Leave and Long Service Leave (Short-term Benefits)The provision for employees’ benefits to wages, salaries, annual leave and long service leaveexpected to be settled within 12 months represents the amount the municipality has a presentobligation to pay resulting from employees services provided to balance date. The provision hasbeen calculated at nominal amounts based on remuneration rates the Council expects to payand includes related on-costs.

(ii) Annual Leave and Long Service Leave (Long-term Benefits)The provision for employees’ benefits for annual leave and long service leave expected to besettled more than 12 months from the reporting date represents the present value of the estimated future cash outflows to be made by the employer resulting from the employeesservice to balance date.

(l) Rates, Grants, Donations and Other ContributionsRates, grants, donations and other contributions are recognised as revenues when the localgovernment obtains control over the assets comprising the contributions. Control over assetsacquired from rates is obtained at the commencement of the rating period or, where earlier, uponreceipt of the rates.

Where contributions recognised as revenues during the reporting period were obtained on thecondition that they be expended in a particular manner or used over a particular period, and thoseconditions were undischarged as at the reporting date, the nature of and amounts pertaining tothose undischarged conditions are disclosed in Note 2(c). That note also discloses the amountof contributions recognised as revenues in a previous reporting period which were obtained inrespect of the local government's operation for the current reporting period.

Page 12





(m) SuperannuationThe Shire of Boyup Brook contributes to the Local Government Superannuation Scheme and theOccupational Superannuation Fund. Both funds are defined contribution schemes.

(n) Interest Rate RiskThe Shire's exposure to interest rate risk, which is the risk that a financial instrument's value willfluctuate as a result of changes in market interest rates, is considered negligible for all financialinstruments other than borrowings. Information on interest rate risk as it applies to borrowingsis disclosed in Note 21(e).

(o) Credit RiskThe maximum exposure to credit risk, excluding the value of any collateral or other security, atbalance date to recognised financial assets is the carrying amount, net of any provisions fordoubtful debts, as disclosed in the balance sheet and notes to and forming part of the financialreport. The Shire does not have any material credit risk exposure to any single debtor or groupof debtors under financial instruments entered into by the Shire.

(p) Fair ValueThe fair value of assets and liabilities approximate their carrying values. No financial assetsand financial liabilities are readily traded on organised markets in standardised form. Financialassets where the carrying amount exceeds fair value have not been written down as theCouncil intends to hold these assets to maturity.

The aggregate fair value and carrying amounts of financial assets and financial liabilities aredisclosed in the balance sheet and in the notes to and forming part of the financial report.

(q) Rounding Off FiguresAll figures shown in this annual financial report, other than a rate in the dollar, are rounded to thenearest dollar.

(r) Comparative FiguresWhere required, comparative figures have been adjusted to conform with changes in presentationfor the current financial year.

Page 13




2. REVENUES AND EXPENSES 2006 2005$ $

(a) Result from Ordinary Activities

The Result from Ordinary Activities includes:

(i) Charging as an Expense:

Auditors Remuneration- Audit 6,000 9,050- Other Services 2,175 0

DepreciationBuildings 94,961 94,448Furniture and Equipment 18,782 20,803Plant and Equipment 205,134 192,514Roads 887,267 873,470

1,206,144 1,181,235Interest ExpensesFinance Lease ChargesDebentures (refer Note 21(a)) 32,216 29,146

32,216 29,146Rental Charges- Operating Leases

(ii) Crediting as Revenue: 2006 2006 2005$ Budget $

$Interest EarningsInvestments- Reserve Funds 32,121 22,199 30,640- Other Funds 5,908 14,776 37,066Other Interest Revenue (refer note 26) 18,700 16,000 17,523

56,729 52,975 85,229

Page 14




2. REVENUES AND EXPENSES (Continued)

(b) Statement of Objective

The Shire of Boyup Brook is dedicated to providing high quality services to the community throughthe various service orientated programs which it has established.

GOVERNANCEMembers of Council, civic receptions and functions, public relations, electoral, generaladministration.

GENERAL PURPOSE FUNDINGRates, general purpose grants, interest revenue.

LAW, ORDER, PUBLIC SAFETYFire prevention, including the WA Fire Brigade Levy, clearing for fire hazards, animal control, dogpound, by-law control, public security, civil emergency services, park rangers, neighbourhood watch.

HEALTHFood control, health inspections.

EDUCATION AND WELFARERylington Park, aged and disabled, senior citizen's centres, welfare administration, donations towelfare organisations.

HOUSINGPublic and staff housing.

COMMUNITY AMENITIESRubbish collections, recycling refuse site operations, litter control, public litter bins, abandonedvehicles, pollution control, town planning control/studies, memorials, public conveniences.

RECREATION AND CULTUREPublic halls, civic centres, parks, sports grounds, sports clubs, community recreation programs,libraries, community arts program.

TRANSPORTRoads, footpaths, rights of way, drainage, road verges, median strips, street lighting, street cleaning,street trees, traffic surveys, traffic management.

ECONOMIC SERVICESTourism and promotions, parades and festivals, Christmas decorations, building control.

OTHER PROPERTY & SERVICESPublic works overhead, plant/vehicle operations, stock and materials, depot operations, sundryproperty.

Page 15




2. OPERATING REVENUES AND EXPENSES (Continued)

2006 2005$ $

(c) Conditions Over Contributions

Grants recognised as revenues in a previousreporting period which were not expended atthe close of the previous reporting period(ie opening balances).

Roads to Recovery (transport) 0 197,581Grant for "Fit for your Shape" (recreation & culture) 4,000 0Grants for T.I.R.E.S. (transport) 232,830 0

236,830 197,581 Add:New grants which were recognised as revenues during thereporting period and which had not yet been fully expendedby the contributor.

Grant for "Fit for your Shape" (recreation & culture) 0 4,000Grants for T.I.R.E.S. (transport) 0 232,830Roads to Recovery (transport) 285,318 0

Less:Grants which were recognised as revenues in a previousreporting period and which were expended in the currentreporting period in the manner specified by the contributor.

Roads to Recovery (transport) 0 (197,581)Grant for "Fit for your Shape" (recreation & culture) (4,000) 0Grants for T.I.R.E.S. (transport) (232,830) 0

Closing balances of unexpended grants 285,318 236,830

Comprises:

Roads to Recovery (transport) 285,318 0Grant for "Fit for your Shape" (recreation & culture) 0 4,000Grants for T.I.R.E.S. (transport) 0 232,830

285,318 236,830

Page 16




2006 2005$ $

3. CASH AND CASH EQUIVALENTS

Cash on Hand - Municipal 820 620Cash at Bank - Municipal 175,318 123,069Cash on Investment - Reserves - Restricted 861,509 787,801

1,037,647 911,490

The following restrictions have been imposed byregulations or other externally imposed requirements:

Plant Reserve 136,311 158,983Leave Reserve 29,658 38,683Depot Reserve 15,994 10,460Housing Reserve 18,137 16,071Emergency Reserve 22,404 16,558Insurance Claim Reserve 11,467 11,861Flax Mill Sheds Reserve 17,042 11,457Recreation Improvement Reserve 3,209 3,053Commercial Reserve 117,124 154,245Bush Fire Radios Reserve 10,333 9,830Rylington Park Reserve 13,418 14,669Infrastructure Reserve ` 294,542 239,830Bridges Reserve 22,370 102,101Medical Services Reserve 87,500 0Admin Office Building Reserve 45,000 0Building Maintenance Reserve 0 0Aged Accommodation Reserve 17,000 0

861,509 787,801

Cash at Bank - MunicipalUnrestricted 168,918 119,069Unspent Grants - Restricted 6,400 4,000

175,318 123,069

4. TRADE AND OTHER RECEIVABLES

CurrentRates Outstanding 59,232 74,996Sundry Debtors 194,899 110,057Provision for Doubtful Debts (11,514) (13,197) Other current assets 12,289 0GST Receivable 59,609 66,449Loans - Clubs/Institutions 2,150 2,150

316,665 240,455

Non-CurrentRates Outstanding - Pensioners 0 3,385Loans - Clubs/Institutions 0 0

0 3,385

5. INVENTORIES

CurrentFuel and Materials 20,796 29,018

20,796 29,018

Page 17




2006 2005$ $

6. PROPERTY, PLANT AND EQUIPMENT

Land and Buildings - Cost 5,281,142 4,783,458Less Accumulated Depreciation (1,068,445) (973,484)

4,212,697 3,809,974

Furniture and Equipment - Cost 495,122 437,696Less Accumulated Depreciation (353,265) (334,483)

141,857 103,213

Plant and Equipment - Cost 2,302,074 2,175,923Less Accumulated Depreciation (880,014) (701,811)

1,422,060 1,474,112

5,776,614 5,387,299

Page 18




6. PROPERTY, PLANT AND EQUIPMENT (Continued)

Movements in Carrying Amounts

The following represents the movement in the carrying amounts of each class of property, plant and equipment between thebeginning and the end of the current financial year.

Land Furniture Plant& & &

Buildings Equipment Equipment Total$ $ $ $

Balance as at 1July 2005 3,809,974 103,213 1,474,112 5,387,299

Additions 497,684 57,426 258,792 813,902

(Disposals) 0 0 (105,710) (105,710)

Revaluation - Increments 0 0 0 0 - (Decrements) 0 0 0 0

Impairment - (losses) 0 0 0 0 - reversals 0 0 0 0

Depreciation (Expense) (94,961) (18,782) (205,134) (318,877)

Other Movements 0 0 0 0

Balance as at 30 June 2006 4,212,697 141,857 1,422,060 5,776,614

Page 19




2006 2005$ $

7. INFRASTRUCTURERoads - Cost 60,919,883 59,620,904Less Accumulated Depreciation (12,996,222) (12,114,260)

47,923,661 47,506,644

Tip Site - cost 135,676 135,676Less Accumulated Depreciation (33,188) (27,883)

102,488 107,793

48,026,149 47,614,437

Page 20




7. INFRASTRUCTURE (Continued)

Movements in Carrying Amounts

The following represents the movement in the carrying amounts of each class of infrastructure between thebeginning and the end of the current financial year.

Roads Tip Site Total$ $ $

Balance as at 1July 2005 47,506,644 107,793 47,614,437

Additions 1,298,979 0 1,298,979

(Disposals) 0 0 0

Revaluation - Increments 0 0 0 - (Decrements) 0 0 0

Impairment - (losses) 0 0 0 - reversals 0 0 0

Depreciation (Expense) (881,962) (5,305) (887,267)

Other Movements 0 0 0

Balance as at 30 June 2006 47,923,661 102,488 48,026,149

Page 21




2006 2005$ $

8. TRADE AND OTHER PAYABLES

CurrentSundry Creditors 199,147 230,729Accrued Interest on Debentures 12,112 6,222Other accruals 63,922 0Accrued Salaries and Wages 37,509 4,981

312,690 241,932

9. LONG-TERM BORROWINGS

CurrentSecured by Floating Charge Debentures 38,334 63,152 Lease Liability

38,334 63,152

Non-CurrentSecured by Floating Charge Debentures 600,994 322,264 Lease Liability

600,994 322,264

Additional detail on borrowings is provided in Note 21.

10. PROVISIONS

CurrentProvision for Annual Leave 91,674 92,373Provision for Long Service Leave 32,952 36,989

124,626 129,362Non-CurrentProvision for Annual Leave 22,784 22,784Provision for Long Service Leave 107,581 83,955

130,365 106,739

Page 22




2006 2006 2005$ Budget $

$11. RESERVES - CASH BACKED

(a) Plant ReserveOpening Balance 158,983 158,983 124,668 Amount Set Aside / Transfer to Reserve 134,686 136,359 370,523 Amount Used / Transfer from Reserve (157,357) (210,300) (336,208)

136,312 85,042 158,983

(b) Leave ReserveOpening Balance 38,683 38,683 36,772 Amount Set Aside / Transfer to Reserve 1,976 1,547 1,911 Amount Used / Transfer from Reserve (11,000) (11,000) 0

29,659 29,230 38,683

(c) Depot ReserveOpening Balance 10,460 10,460 5,170 Amount Set Aside / Transfer to Reserve 5,534 5,418 5,290 Amount Used / Transfer from Reserve 0 0 0

15,994 15,878 10,460

(d) Housing ReserveOpening Balance 16,071 16,071 10,505Amount Set Aside / Transfer to Reserve 5,821 5,643 5,566Amount Used / Transfer from Reserve (3,755) 0 0

18,137 21,714 16,071

(e) Emergency ReserveOpening Balance 16,558 16,558 10,967Amount Set Aside / Transfer to Reserve 5,846 5,662 5,591Amount Used / Transfer from Reserve 0 0 0

22,404 22,220 16,558

(f) Insurance ReserveOpening Balance 11,861 11,861 11,274Amount Set Aside / Transfer to Reserve 606 474 587Amount Used / Transfer from Reserve (1,000) 0 0

11,467 12,335 11,861

(g) Flax Mill Sheds ReserveOpening Balance 11,457 11,457 6,117Amount Set Aside / Transfer to Reserve 5,585 5,458 5,340Amount Used / Transfer from Reserve 0 0 0

17,042 16,915 11,457(h) Recreation Improvement Reserve

Opening Balance 3,053 3,053 2,902Amount Set Aside / Transfer to Reserve 156 122 151Amount Used / Transfer from Reserve 0 0 0

3,209 3,175 3,053

(i) Commercial ReserveOpening Balance 154,245 161,245 301,398Amount Set Aside / Transfer to Reserve 52,879 36,450 92,361Amount Used / Transfer from Reserve (90,000) (32,000) (239,514)

117,124 165,695 154,245

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2006 2006 2005$ Budget $

11. RESERVES - CASH BACKED (Continued) $

(j) Bush Fire Radios ReserveOpening Balance 9,830 9,830 9,344Amount Set Aside / Transfer to Reserve 503 393 486Amount Used / Transfer from Reserve 0 0 0

10,333 10,223 9,830

(k) Rylington Park ReserveOpening Balance 14,669 14,669 15,376Amount Set Aside / Transfer to Reserve 749 587 793Amount Used / Transfer from Reserve (2,000) (2,000) (1,500)

13,418 13,256 14,669

(l) Infrastructure ReserveOpening Balance 239,830 232,830 0Amount Set Aside / Transfer to Reserve 287,542 0 239,830Amount Used / Transfer from Reserve (232,832) (232,830) 0

294,540 0 239,830

(m) Bridges ReserveOpening Balance 102,101 102,101 209,741Amount Set Aside / Transfer to Reserve 19,156 19,084 10,360Amount Used / Transfer from Reserve (98,887) (79,000) (118,000)

22,370 42,185 102,101

(n) Medical Services ReserveOpening Balance 0 0 0Amount Set Aside / Transfer to Reserve 87,500 0 0Amount Used / Transfer from Reserve 0 0 0

87,500 0 0(o) Swimming Pool Reserve

Opening Balance 0 0 0Amount Set Aside / Transfer to Reserve 0 0 0Amount Used / Transfer from Reserve 0 0 0

0 0 0(p) Town Hall Reserve


0 0 0(q) Admin Office Building Reserve

Opening Balance 0 0 0Amount Set Aside / Transfer to Reserve 45,000 0 0Amount Used / Transfer from Reserve 0 0 0

45,000 0 0(r) Building Maintenance Reserve


0 0 0

Page 24




2006 2006 2005$ Budget $

11. RESERVES - CASH BACKED (Continued) $

(s) Aged Accommodation ReserveOpening Balance 0 0 0Amount Set Aside / Transfer to Reserve 17,000 0 0Amount Used / Transfer from Reserve 0 0 0

17,000 0 0

TOTAL CASH BACKED RESERVES 861,509 437,868 787,801

All of the cash backed reserve accounts are supported by money held in financial institutions andmatch the amount shown as restricted cash in Note 3 to this financial report.

In accordance with council resolutions in relation to each reserve account, the purpose for whichthe reserves are set aside are as follows:

Plant Reserve - to be used for the purchase of major items of plant including graders, trucks, utes, rollers etc.Leave Reserve - to be used to fund annual / long service / sick leave and redundancy requirements.Depot Reserve - to be used to fund future requirements relating to upgrade of Depot facilities.Housing Reserve - to be used in the long term maintenance of the Homeswest Housing Units.Emergency Reserve - for emergency situations during and outside working hours for example trees on roads, minor flooding, car accidents and supply of services and materials deemed necessary in an emergency.Insurance Claim Reserve - this reserve was established following the change to "All Properties Risk Policy" and the acceptance of a $300 voluntary excess on all claims. Funds to be utilised any year where insurance claims are excessive resulting in substantial increases in operating costs of facilities and/or services.Flax Mill Sheds Reserve - to be used to fund future requirements relating to maintenance and upgrade of Flax Mill Sheds.Recreation Improvement Reserve - to be used to fund capital improvements to the Recreation facilities and grounds. Originally these funds were partly set aside for reticulation upgrade at the ovals which has been done.Commercial Reserve - to be available for future economic development, enhancement and promotion of the district including Topoclimate type concepts.Bush Fire Radios Reserve - to be used to fund bush fire radio changeover and future radio requirements and for the maintenance of the bush fire radio tower.Rylington Park Reserve - previously set up from funds received from Rylington Park for the lease of the farm. A new lease agreement now exists which means no further income will be received in this fund.Infrastructure Reserve - unspent grant money received from State and Federal government sources for specific infrastructure costs.Bridges Reserve - to be used to fund future requirements of bridge works.

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11. RESERVES - CASH BACKED (Continued)

Medical Services Reserve - to be used to fund future medical services requirements and provision of GP bonusSwimming Pool Reserve - to be used to fund future requirements of swimming poolTown Hall Reserve - to be used to fund future requirements of Town HallAdmin Office Building Reserve - to be used to fund future requirements of Office BuildingBuilding Maintenance Reserve - to be used to fund future requirements of Shire owned buildingsAged Accommodation Reserve - to be used to fund future requirements of Aged Accommodation

12. RESERVES - ASSET REVALUATION 2006 2005$ $

Asset revaluation reserves have arisen on revaluationof the following classes of assets:

(a) RoadsBalance as at 1 July 2005 1,590,381 1,590,381Revaluation Increment 0 0Revaluation Decrement 0 0Balance as at 30 June 2006 1,590,381 1,590,381

TOTAL ASSET REVALUATION RESERVES 1,590,381 1,590,381

Page 26

SHIRE OF BOYUP BROOKNOTES TO AND FORMING PART OF THE FINANCIAL REPORT


13. NOTES TO THE CASH FLOW STATEMENT

(a) Reconciliation of Cash

For the purposes of the cash flow statement, cash includes cash on hand and in banks andinvestments, net of outstanding bank overdrafts. Cash at the end of the reporting period isreconciled to the related items in the balance sheet as follows:

2006 2006 2005$ Budget $

$

Cash and Cash Equivalents 1,037,647 517,417 911,490

(b) Reconciliation of Net Cash Provided ByOperating Activities to Net Result

Net Result 648,227 464,688 752,884

Depreciation 1,206,144 885,967 1,181,235 Impairment (Loss)/Reversal(Increase)/Decrease in Receivables (72,825) (17,339) 54,527 (Profit)/Loss on Sale of Asset 46,683 - (67,081) (Increase)/Decrease in Inventories 8,226 - (2,506) Increase/(Decrease) in Payables 70,758 (20,103) 95,437 Increase/(Decrease) in Employee Provisions 18,890 16,020 40,940 Grants/Contributions for the Development of Assets (534,374) (736,819) (890,077) Net Cash from Operating Activities 1,391,729 592,414 1,165,359

(c) Undrawn Borrowing FacilitiesCredit Standby ArrangementsBank Overdraft limit 50,000 50,000Bank Overdraft at Balance Date 0 0Total Amount of Credit Unused 50,000 50,000

Loan FacilitiesLoan Facilities - Current 38,334 63,152Loan Facilities - Non-Current 600,994 322,264Total Facilities in Use at Balance Date 639,328 385,416

Unused Loan Facilities at Balance Date 0 0

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2006 200514. CAPITAL AND LEASING COMMITMENTS $ $

(a) Finance Lease Commitments

nil

(b) Operating Lease Commitments

nil

(c) Capital Expenditure Commitments

Contracted for:- capital expenditure projects- plant & equipment purchases

Payable:- not later than one year

The capital expenditure project outstanding at the end of the current reporting period represents

15. CONTINGENT LIABILITIES

nil

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2006 200516. JOINT VENTURE $ $

nil

17. TOTAL ASSETS CLASSIFIED BY FUNCTION AND ACTIVITY

Governance 453,666 364,701General Purpose Funding 47,718 362,538Law, Order, Public Safety 97,330 110,574Health 339,439 260,570Education and Welfare 1,493,454 1,493,000Housing 588,975 388,224Community Amenities 125,446 185,679Recreation and Culture 1,072,009 869,822Transport 48,546,923 46,542,193Economic Services 398,542 402,717Other Property and Services 863,883 880,933Unallocated 1,150,486 2,325,133

55,177,871 54,186,084

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2006 2005 200418. FINANCIAL RATIOS

Current Ratio 1.14 1.00 1.58Untied Cash to Trade Creditors Ratio 0.85 0.53 0.51Debt Ratio 0.02 0.01 0.01Debt Service Ratio 0.02 0.02 0.03Gross Debt to Revenue Ratio 0.15 0.09 0.13Gross Debt to Economically Realisable Assets Ratio 0.09 0.06 0.07Rate Coverage Ratio 0.32 0.31 0.36Outstanding Rates Ratio 0.04 0.06 0.07

The above rates are calculated as follows:

Current Ratio Current assets minus restricted current assetsCurrent liabilities minus liabilities associated

with restricted assets

Untied Cash to Trade Creditors Ratio Untied cashUnpaid trade creditors

Debt Ratio Total liabilitiesTotal assets

Debt Service Ratio Debt Service Cost (Principal & Interest)Available operating revenue

Gross Debt to Revenue Ratio Gross debtTotal revenue

Gross Debt to Gross debt Economically Realisable Assets Ratio Economically realisable assets

Rate Coverage Ratio Net rate revenueOperating revenue

Outstanding Rates Ratio Rates outstandingRates collectable

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19. TRUST FUNDS

Funds held at balance date over which the Municipality has no control and which are not included inthe financial statements are as follows:

Balance Amounts Amounts Balance1-Jul-05 Received Paid 30-Jun-06

$ $ ($) $

Police Licensing 14,916 0 (14,916) 0Road contributions 15,010 0 0 15,010Relocatable House Bond 8,498 5,000 (2,197) 11,301Shire Rental Bond 1,000 600 (200) 1,400Fruit Fly Program 5,670 0 0 5,670

45,094 33,381

20. DISPOSALS OF ASSETS - 2005/06 FINANCIAL YEAR

The following assets were disposed of during the year.

Net Book Value Sale Price Profit (Loss)Actual Budget Actual Budget Actual Budget

$ $ $ $ $ $

Mitsubishi Canter - 4T 31,499 0 36,527 0 5,028 0Fuel Trailer 1,405 0 0 0 (1,405) 0Mitsubishi Canter - 4T + crane 47,551 0 60,119 0 12,568 0Nissan X-Trail (MOW) 25,255 0 22,500 0 (2,755) 0

105,710 0 119,146 0 13,436 0

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21. INFORMATION ON BORROWINGS

(a) Debenture Repayments

Principal New Principal Principal Interest1-Jul-05 Loans Repayments 30-Jun-06 Repayments

$ $ Actual Budget Actual Budget Actual BudgetParticulars $ $ $ $ $ $Governance

110 Admin Roof/Bldg Upgrade 34,245 1,051 1,051 33,194 33,194 2,175 2,192Health

107 Hospital Upgrade 95,729 9,387 9,387 86,342 86,342 6,077 6,278Housing

50 Teacher's House 2,384 2,384 2,384 0 0 63 114102 House - Manager of Works 77,583 3,973 3,973 73,610 73,610 6,258 6,366115 House - new employee 0 110,000 0 2,803 110,000 197,197 1,933 5,510

Community Amenities112 Transfer Station 33,623 1,318 1,318 32,305 32,305 2,338 2,354

Recreation & Culture100 Const. Rec Ground Dam 1,901 1,901 1,901 0 0 45 43101 Pool Changerooms 23,894 23,894 23,894 0 0 1,368 1,368114 Pool Bowl upgrade 0 200,000 0 1,127 200,000 145,737 4,588 0

Transport105 Depot Workshop Constr. 18,860 7,175 7,175 11,685 11,685 944 1,139

Economic Services106 FlaxMill Upgrade 50,375 2,602 2,602 47,773 47,773 3,495 3,571109 FlaxMill Water Upgrade 46,821 2,402 2,402 44,419 44,419 2,932 2,954

385,415 310,000 56,087 60,017 639,328 672,262 32,216 31,889

All loan repayments were financed by general purpose revenue.

(b) New Debentures - 2005/06

Amount Borrowed Institution Loan Term Interest Amount Balance Type (Years) Rate Used Unspent

Actual Budget % Actual Budget $Particulars/Purpose $ $ $ $

114 Pool Bowl Upgrade 200,000 150,000 WATC Debenture 20 5.89 200,000 150,000 0115 New employee house 110,000 200,000 WATC Debenture 20 5.88 110,000 200,000 0

32



21. INFORMATION ON BORROWINGS (Continued)

(c) Unspent Debentures

nil

(d) Overdraft

Council established an overdraft facility of $50,000 in 1992 to assist with short term liquidity requirements. Thebalance of the bank overdraft at 1 July 2005 and 30 June 2006 was $Nil.

(e) Interest Rate Risk

Council's exposure to interest rate risk as a result of borrowings and the effective weighted average interest rateon these borrowings is as follows:

2006 2005Borrowings $ $

Floating interest rates 0 0Fixed interest rate maturing - within one year 85,294 28,178 - one to five years 0 18,860 - over five years 554,034 338,377Non interest bearing 0 0

Total Borrowings 639,328 385,415

Weighted average effective interest rate 6.46% 7.22%

33




22. RATING INFORMATION - 2005/06 FINANCIAL YEAR

Rate in Number Rateable Rate Interim Total Budget Budget Budget Budget$ of Value Revenue & Back Revenue Rate Interim Back Total

Properties $ $ Rates $ Revenue Rate Rate RevenueRATE TYPE $ $ $ $ $General Rate - GRVT - Residential - Town 0.127265 269 1,379,508 175,563 1,696 177,259 175,563 0 0 175,563C - Commercial 0.127265 27 344,308 43,818 (2,567) 41,251 43,818 0 0 43,818I - Industrial 0.127265 9 65,300 8,310 872 9,182 8,310 0 0 8,310General Rate - UVM - Mining 0.005809 0 0 0 0 0 0 0 0S - Special Rural 0.005809 11 2,065,000 11,996 (8,229) 3,767 11,996 0 0 11,996R - Rural 0.005809 557 171,451,000 995,959 12,592 1,008,551 995,959 0 0 995,959O - Outside Rural 0.005809 0 0 0 0 0 0 0 Sub-Totals 873 175,305,116 1,235,646 4,364 1,240,010 1,235,646 0 0 1,235,646

MinimumMinimum Rates $General Rate - GRV

Residential 455.00 22 17,184 10,010 90 10,100 10,010 0 0 10,010Commercial 455.00 2 5,720 910 425 1,335 910 0 0 910Industrial 455.00 6 7,340 2,730 (60) 2,670 2,730 0 0 2,730

General Rate - UVMining 455.00 9 155,492 4,095 355 4,450 4,095 0 0 4,095Special Rural 455.00 42 1,975,500 19,110 (1,310) 17,800 19,110 0 0 19,110Broad Acre Rural 455.00 112 5,966,440 50,960 6,379 57,339 50,960 0 0 50,960Outside Rural 385.00 43 190,000 16,555 (4,199) 12,356 16,555 0 0 16,555

Sub-Totals 236 8,317,676 104,370 1,680 106,050 104,370 0 0 104,3701,346,060 1,340,016

Specified Area Rate (refer note 23)1,346,060 1,340,016

Discounts (refer note 25) Totals 1,346,060 1,340,016

34




23. SPECIFIED AREA RATE - 2005/06 FINANCIAL YEAR

nil

24. SERVICE CHARGES - 2005/06 FINANCIAL YEAR

nil

25. DISCOUNTS, INCENTIVES, CONCESSIONS, & WRITE-OFFS- 2005/06 FINANCIAL YEAR

nil

26. INTEREST CHARGES AND INSTALMENTS - 2005/06 FINANCIAL YEAR

Interest Admin. Revenue BudgetedRate Charge $ Revenue

% $ $Interest on Unpaid Rates 11% 0 12,341 7,000Interest on Instalments Plan 5.5% 0 5,890 4,000Charges on Instalment Plan 22.50 469 5,000

18,700 16,000

Ratepayers had the option of paying rates in four equal instalments, due on 5th September 2005,7th November 2005, 9th January 2006 and 13th March 2006. Administration charges andinterest applied for the final three instalments.

2006 200527. FEES & CHARGES $ $

Governance 7,026 0General Purpose Funding 4,900 3,600Law, Order, Public Safety 6,474 3,804Health 304,245 336,232Education & Welfare 886 0Housing 20,191 0Community Amenities 77,115 81,005Recreation & Culture 22,062 27,404Economic Services 50,360 12,698Other Property & Services 16,816 11,253

510,075 475,996

There were no changes during the year to the amount of the fees or charges detailed in the original budget.

Page 35



28. GRANT REVENUE 2006 2005 $ $

By Nature and Type:Grants and Subsidies - operating 1,409,801 1,238,709Grants and Subsidies - non-operating 534,374 890,077

1,944,175 2,128,786By Program:General Purpose Funding 811,672 692,077Governance 2,941Law, Order, Public Sector 39,230 32,000Health 94,500Education & Welfare 3,418 1,000Recreation and Culture 7,909 108,216Transport 969,505 1,295,493Economic Services 15,000

1,944,175 2,128,786

2006 2006 200529. COUNCILLORS’ REMUNERATION $ Budget $

$The following fees, expenses and allowances werepaid to council members and/or the president.

Meeting Fees 39,700 39,700 37,800President’s Allowance 3,935 3,970 3,570Deputy President’s Allowance 999 993 893Conference Expenses 9,950 6,000 7,475Travelling Expenses 2,502 6,000 4,537Telecommunications Allowance 751 1,000 572

57,837 57,663 54,847

30. EMPLOYEES’ REMUNERATION

Set out below, in bands of $10,000, is the number of employees of the Shire entitledto an annual salary of $100,000 or more.

Salary Range 2006 2005$

130,000 - 139,999 0 1150,000 - 159,999 1 0

31. EMPLOYEE NUMBERS 2006 2005

The number of full-time equivalentEmployees at balance date 26 26

32. ECONOMIC DEPENDENCY

A significant portion of revenue is received by way of grants from the State and Federal Government. The totalof grant revenue from government sources is disclosed in Note 28.

33. MAJOR LAND TRANSACTIONS

nil

34. TRADING UNDERTAKINGS AND MAJOR TRADING UNDERTAKINGS

Council did not participate in any trading undertakings or major trading undertakings during the 2005/06financial year.

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35. FIRST TIME ADOPTION OF AUSTRALIAN EQUIVALENTS TO INTERNATIONAL FINANCIALREPORTING STANDARDS (AIFRSs)

(a) Reconciliation of Equity at 1 July 2004

There were no material differences between Equity in the opening AIFRSs Balance Sheet andthe equity in the 1 July 2004 Balance Sheet presented under previous GAAP.

(b) Reconciliation of Equity at 30 June 2005

There were no material differences between Equity in the 30 June 2005 Balance Sheet presentedunder AIFRSs and the equity in the 30 June 2005 Balance Sheet presented under previous GAAP.

(c) Reconciliation of Net Result for the Year Ended 30 June 2005

There were no material differences between the Net Result for the year ended 30 June 2005presented under AIFRSs and the Net Result for the year ended 30 June 2005 presented underprevious GAAP.

(d) Explanation of Material Adjustments to the Cash Flow Statement

There are no material differences between the Cash Flow Statement presented under AIFRSsand the Cash Flow Statement presented under previous GAAP.

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annual report 2005/2006 shire of boyup brook

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